The biggest reasons I got into trading were:
1) I was introverted/shy.
2) I could do it from home or wherever I wanted.
3) No clients or team members to speak to.
4) Unlimited earning potential.
Why did you get into trading?
Harsh Truth:
Most profitable traders have a win rate between 40% to 60%.
And a RR between 1 to 3.
You are going to lose, a lot.
The sooner you put you ego to the side and accept this, the sooner you can start making money.
This strategy is so good I regret teaching it:
1) Bias: Use the 4H to identify Liquidity and ONLY trade in that direction.
2) Sweep: Wait for a stop run on your ENTRY time frame only.
3) Entry: Any will do but the 3 Golden Entries are: FVGs, OBs and OTEs.
Full Trading Strategy for September:
1) Target Liquidity on the 4H chart. This is your bias.
2) Wait for a 5 min liquidity sweep during Asia/London/New York.
3) Wait for a new 5 min FVG to form in the bias direction.
4) Enter on that FVG.
5) Target a 3RR.
Done.
9-5 Traders:
Don't go below the 4H.
Why?
Because it's easier to trade.
You can trade at any time.
And you can trade multiple markets.
Swing trading is the fastest way to financial freedom in trading.
The easiest way to spot a liquidity sweep is to wait for a FVG to form after the sweep in the opposite direction.
That is essentially the markets screaming at you that it was a sweep.
You can enter on the FVG or any other entry you like.
Stop must always be at the LS high/low
Stop Wasting Time And Just Use This Strategy:
1) Wait for price to enter a 4H OB
2) Wait for price to react aggressively of the 4H OB on the 15 min
3) Wait for a new OB to form on the 15 min
4) Enter on that new OB
5) Target a 2 or 3 RR
Done.
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